My 128th certificate from Coursera
Federal Taxation II: Property Transactions of Business Owners and Shareholders University of Illinois at Urbana-Champaign As individual or...
Character of Gains and Losses, and The Netting Process
Recall there are a few key items when evaluating a property transaction: Also recall the holding period of...
Federal Taxation: Special Gain and Loss Provisions
In the last post, we looked at two major non-taxable exchanges: like-kind exchanges and involuntary conversions. In those...
Gains, Losses, and Non-Taxable Transactions
Overview of Gains and Losses At a very high level, it’s important to be able to calculate the...
Depreciation, Amortization and Depletion
Cost Recovery What is cost recovery? For accounting purposes, businesses must capitalize the cost of assets, if the...
My #110 certificate from Coursera
American Contract Law IYale University We all enter contracts every day, contracting is never something only happens between...
Contract Law: Counteroffers, Irrevocable Offers, and Indefinite Terms
What happens when an offeree attempts to accept an offer while modifying the terms? In the case Minneapolis...
Contract Law: Assent, Offer and Acceptance
Mutual Assent Mutual ascent describes an agreement between two parties that intend to form a contract. Parties often...
Contract Law: Consideration and Its Substitutes
Requirements Contracts & Output Contracts A requirements contract is a form of contract where a seller agrees to...
Contract Law: Promise and Consideration
Recall that consideration is a traditional prerequisite for forming a contract. When it comes to a promise, the court...
Contract Law: Unconscionability, Performance and Remedies
Unconscionability Can courts declined to enforce unconscionable contracts? And how to decide whether contracts are unconscionable? If the court...
American Contract Law: Essentials
The law of contracts is both judge made (based on past decisions) and legislature made (based on statues),...
My #89 course certificate from Coursera
Federal Taxation I: Individuals, Employees, and Sole ProprietorsUniversity of Illinois at Urbana-Champaign I believe taxation is the negotiation...
Itemized Deductions and Retirement Plans
Recall that the itemized deductions are also called “from AGI” deductions or below the line deductions. They are...
Business Deductions
Employees vs Self-Employed What differentiates an employee from a self-employed individual (also known as independent contractor)? Employee If...